Replies to post #34715 on Calissio Resources Group Inc (CRGP)

[janice shell]

There were 2 announced dividends. One was for a set amount [0.011] and was regular divedend. The other was "special" advertised at 3% and as one time.

No. The cash dividend was a special dividend, because the amount paid was greater than 25% of the value of the company's stock. The stock dividend was just a stock dividend, without an ex date. So only shareholders as of the record date, 30 June, qualified for it.

The stock dividend was paid, but hasn't been discussed here much. That's because most posters don't seem to have been shareholders as of 30 June, and because in terms of interest, the cash divvy far overshadowed it.

The company should have known--but apparently did not--that the cash dividend was a special dividend, and should have declared it as such. Not as a quarterly.

[stockstuffer]

I believe the company didn't have to define it is special. In this case the 25% rule takes precedence over anything else, special or regular, which COR or the selling entity overlooked.

" FINRA (Financial Industry Regulatory Authority) establishes all stock trading rules for all U.S. stock exchanges and there are only two sets of dividend date rules for U.S. publicly traded companies -- one for normal distributions, which are dividends or distributions that represent less than 25% of the stock's trading price, and the other for dividends or distributions equal to or exceeding 25% of the stock's trading price. From FINRA's website, those two sets of rules are as follows:

(1) In respect to cash dividends or distributions, or stock dividends, and the issuance or distribution of warrants, which are less than 25% of the value of the subject security, if the definitive information is received sufficiently in advance of the record date, the date designated as the "ex-dividend date" shall be the second business day preceding the record date if the record date falls on a business day, or the third business day preceding the record date if the record date falls on a day designated by the Committee as a non-delivery date.

(2) In respect to cash dividends or distributions, stock dividends and/or splits, and the distribution of warrants, which are 25% or greater of the value of the subject security, the ex-dividend date shall be the first business day following the payable date."